Mccormick (MKC) Tax Rate (2009 - 2026)
Mccormick's Tax Rate was 28.84% in fiscal Q2 2026 (quarter ended May 31, 2026), up 4.74 percentage points from 24.10% a year earlier and up 2.51 percentage points from the prior quarter.
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Analysis
Mccormick (MKC) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Mccormick's Tax Rate was 23.42% through May 31, 2026, up 1.33 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it was 21.45%, up 0.96 percentage points from FY2024.
- Tax Rate shows a five-year change of +1.60 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Tax Rate was 20.48% in FY2024 (-1.36 pp), 21.85% in FY2023 (+1.10 pp), 20.74% in FY2022 (-0.77 pp) and 21.51% in FY2021 (+1.67 pp).
- The fiscal Q2 2026 figure marks the highest quarterly Tax Rate since fiscal Q4 2016.
- Compared with a year earlier, Tax Rate was higher in four of the last eight quarters, with an average year-over-year change of +1.54 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q2 2025 (a gain of 10.56 percentage points); the worst was fiscal Q1 2022 (a drop of 9.18 percentage points).
- Per Business Quant data, MKC's Tax Rate in the three fiscal quarters before Q2 2026 was 26.32% (Q1 2026), 23.94% (Q4 2025) and 15.85% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 133.59 Bn | 108.95 Bn | - | - |
| 2 | Mondelez International | 75.71 Bn | 69.03 Bn | 3.99 Bn | 19.17% |
| 3 | Hershey | 32.64 Bn | 28.88 Bn | 1.26 Bn | 22.20% |
| 4 | Kraft Heinz | 27.82 Bn | 14.35 Bn | 2.03 Bn | - |
| 5 | General Mills | 18.09 Bn | 15.75 Bn | 1.49 Bn | 24.46% |
| 6 | Mccormick | 13.03 Bn | 12.90 Bn | 778.20 Mn | 28.84% |
| 7 | J M Smucker | 12.89 Bn | 12.68 Bn | 979.60 Mn | 24.21% |
| 8 | Hormel Foods | 10.92 Bn | 7.61 Bn | 471.52 Mn | 42.30% |
| 9 | Chewy | 7.33 Bn | 4.62 Bn | 1.01 Bn | 28.06% |
| 10 | Conagra Brands | 6.75 Bn | 5.73 Bn | 704.10 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 28.84% |
| Feb 28, 2026 | 26.32% |
| Nov 30, 2025 | 23.94% |
| Aug 31, 2025 | 15.85% |
| May 31, 2025 | 24.10% |
| Feb 28, 2025 | 22.31% |
| Nov 30, 2024 | 25.44% |
| Aug 31, 2024 | 16.65% |
| May 31, 2024 | 13.53% |
| Feb 29, 2024 | 25.53% |
| Nov 30, 2023 | 22.16% |
| Aug 31, 2023 | 21.41% |
| May 31, 2023 | 22.13% |
| Feb 28, 2023 | 21.57% |
| Nov 30, 2022 | 23.30% |
| Aug 31, 2022 | 21.59% |
| May 31, 2022 | 16.72% |
| Feb 28, 2022 | 19.11% |
| Nov 30, 2021 | 23.05% |
| Aug 31, 2021 | 13.42% |
API Access
Mccormick Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MKC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MKC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MKC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();